Resignation of Statutory Auditors of the company.
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Valencia India Ltd has informed BSE that its Statutory Auditor, M/s. Doshi Doshi & Co (Firm Registration No. 153683W), has resigned with immediate effect from December 15, 2025. The auditor was appointed on January 20, 2024, with a term scheduled to run until the AGM in 2028, making this a midterm exit roughly two years into a five-year tenure. The reason given is the auditor's preoccupation with other assignments, which prevented them from devoting adequate time to the company's audit. Importantly, the resigning auditor confirmed there are no concerns about the company's management and no other material reasons for the resignation. They had already completed the limited review of half-yearly results ended September 30, 2025, issuing their report on November 12, 2025. The Board and Audit Committee will appoint a new statutory auditor to fill the casual vacancy in due course.
This is a routine-looking auditor change with no governance red flags explicitly raised. However, any midterm auditor exit warrants a watch for the new auditor's profile, and shareholders should await the appointment announcement for full comfort.